Analysts Set Globant S.A. (NYSE:GLOB) Price Target at $230.28

Shares of Globant S.A. (NYSE:GLOB) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $230.28.

GLOB has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Scotiabank upped their price target on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upped their price target on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $205.00 price target on shares of Globant in a research note on Monday, November 18th.

Globant Trading Down 1.9 %

Shares of NYSE:GLOB opened at $224.28 on Thursday. The stock has a 50 day moving average of $215.67 and a 200 day moving average of $210.32. The company has a market cap of $9.66 billion, a PE ratio of 58.56, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39. Globant has a 12-month low of $151.68 and a 12-month high of $243.35.

Hedge Funds Weigh In On Globant

Several hedge funds have recently bought and sold shares of GLOB. ORG Partners LLC grew its position in Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Globant in the 4th quarter valued at $38,000. Kestra Investment Management LLC bought a new position in Globant in the 4th quarter valued at $38,000. Wilmington Savings Fund Society FSB bought a new position in Globant in the 3rd quarter valued at $40,000. Finally, Van Berkom & Associates Inc. bought a new position in Globant in the 4th quarter valued at $45,000. Institutional investors own 91.60% of the company’s stock.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.